Rodent Regatta

at a rate that has been variously estimated at 50% to 80% per year. That’s down substantially from the 100% growth every six months that was tossed around during the dotcom craze, but it’s still a serious growth rate. Even with the cost of bandwidth falling, someone stands to capture the leadership position in this business. With all of the turmoil, it appears the pie will get sliced up between a lot fewer players than before!

Telecom Executives Testify Before Senate Panel. Senators decried the excesses of telecom executives today, even as they got assurances that service would not be disrupted. By The Associated Press. [New York Times: Business]